The latest price of Dogecoin at 16:00 on January 11, 2025

(24-hour Dogecoin price trend)

Dogecoin Price Analysis: January 11, 2025

As of January 11, 2025, 4:00 PM UTC, Dogecoin (DOGE) is currently trading at $0.33147400138233, with a 24-hour trading volume of $2,728,867,457.1329. Over the past 24 hours, the price of Dogecoin has decreased by 1.33318718%.

Key Statistics:

• Circulating Supply: 147,575,966,383.71 DOGE
• Maximum Supply: N/A
• Total Supply: 147,575,966,383.71 DOGE
• Market Capitalization: $48,917,596,085.071

Technical Analysis:

Dogecoin has been trading in a sideways trend for the past few weeks. The current price action suggests that the market is in a consolidation phase, waiting for a breakout in either direction.

The 50-day moving average (MA) is currently at $0.324573, and the 200-day MA is at $0.297834. Dogecoin is currently trading above both moving averages, indicating that the overall trend is still bullish.

The relative strength index (RSI) is currently at 45.56, indicating that Dogecoin is in a neutral territory. The stochastic oscillator is also in the neutral range, with the %K line at 51.95 and the %D line at 49.83.

Market Sentiment:

The market sentiment towards Dogecoin is mixed. Some analysts believe that Dogecoin has the potential to reach $1 in the near future, while others believe that the price is likely to decline in the short term.

Conclusion:

The current price action of Dogecoin suggests that the market is in a consolidation phase. The technical indicators are mixed, and the market sentiment is also neutral. It remains to be seen whether Dogecoin will break out of its current trading range and move higher in the near future.